ADA/USDT – 1H – BUYThe combination Cardano/Tether (ADA/USDT) jumps from the descending trendline upwards
An ascending movement up to the next resistance at 0.642600000 is considered certain.
Caution: A possible reversal of the trend in the direction of support at 0.588000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Shooting Star’ candlestick chart pattern is found. The candles show ‘Shooting Star’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Shooting Star’ heading down is 59% (Bull Market) & 60% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.723000000 |
| 2nd High | 0.645000000 |
| Next High | 0.642600000 |
| Current Price | 0.584600000 |
| Next Low | 0.588000000 |
| 2nd Low | 0.585700000 |
| 3rd Low | 0.536600000 |
0.642600000 – 0.645000000 – 0.723000000 – 0.588000000 – 0.599800000 – 0.613100000
Trading Signals: FOREX – ADA – ADA/USDT – USDT – Shooting Star